Which of the Following Is True of a Fashion Product

question 75

Multiple Choice

Which of the following is true of a fashion product?

• A)It refers to a product that has a short and cyclical product life cycle.
• B)It refers to a product with an extended introductory period due to efforts required to educate customers.
• C)It refers to a product that has a short introductory stage.
• D)It refers to a product that experiences immediate rapid growth, followed by an equally rapid decline.

Grasp the concept of maintaining the same ratio under changing conditions in sports, business, and finance.

Understand the basic forms of business ownership and their characteristics.

Recognize the legal and tax implications of different business organizations.

Identify the requirements for forming, operating, and dissolving various business entities.

---

Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of finished goods.

Finished Units

Products that have completed the manufacturing process and are ready for sale or distribution to customers.

Direct Labor

The wages paid to workers directly involved in the production of goods or services.

Overhead

All ongoing business expenses not directly attributable to creating a product or service.